Bridging the gap between current merchandising math textbooks and retail buying textbooks, The Fundamentals of Retail Buying with Merchandising Math incorporates both buying philosophies and merchandising math. The text's problem-based method of learning incorporates questions and problems that train the reader to think like a buyer and encourage group collaboration and critical thinking. Simulated exercises mimic real-life buying responsibilities. Additionally, the order of the chapters and content within each chapter mimic the training of an assistant buyer in a corporate buying office. Providing a full, broad view of the retail buyer’s role, the text also includes the key merchandising math formulae that is the basis of all retail buying analysis.
Table of Contents
UNIT 1: FORMULAS AND BASIC PRINCIPLES
Introduction: Getting Started
Chapter One: Sales and Percent Change
Chapter Two: Percent to Total
Chapter Three: Sell Thru
Chapter Four: Stock-to-Sales Analysis
Chapter Five: Markup & Markdowns
UNIT 2: MANAGING THE BUSINESS
Chapter Six: Purchase Orders
Chapter Seven: The Six Month Merchandise Plan
Chapter Eight: Profit & Loss Statement
Chapter Nine: Cooperative Advertising
UNIT 3: PRIORITIZING AND NEGOTIATING
Chapter Ten: Buying Simulations
Chapter Eleven: End-of-Season Negotiations
Chapter Twelve: Monday Morning Reports (Sales)
Chapter Thirteen: Monday Morning Reports (Markdowns)
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